Satellite communications company Globalstar listed on the Nasdaq Tuesday after delisting from the New York Stock Exchange."We did a reverse split — we're a multibillion dollar company, but our stock price was down in the dollar-ish range," CEO Paul Jacobs told CNBC's Becky Quick on "Squawk Box." "And people thought of us as a penny stock, and some investors couldn't invest in us, so we're here sort of in conjunction with that."Jacobs and Globalstar also rang the opening bell at the Nasdaq Tuesday morning. T ...

T-Mobile just did a huge favor for Globalstar and AST stocks.If you caught last night's football game, perhaps you noticed the multiple advertisements run by T-Mobile US (TMUS 2.74%) touting the company's offer to let anyone in the U.S. -- not just its own customers -- participate in its new direct-to-cell (DTC) collaboration with SpaceX's Starlink service. Well, investors noticed the commercials as well. And thanks to them, T-Mobile stock is up 3% through 10:50 a.m. ET in Nasdaq trading on Monday. What's t ...

This is my first cover of Globalstar. In the article, I will describe Globalstar's business areas and my opinion on how they will affect the company's future. I will try to provide a compelling theory of why i think the companyI first entered investing in 2016 as an individual value investor. In 2022, I established the investment firm Libra Capital. I mostly write articles as part of my deep research into a company before I make an investment, whether long or short. For me, a ''hold'' article means don't to ...

Partnership Overview - Globalstar and Peiker Holding GmbH have partnered to enhance vehicle communication and safety by combining satellite-based communication expertise with automotive telematics and emergency services [1] - The collaboration aims to provide innovative solutions for the automotive sector, focusing on safety, connectivity, and reliability [3] - Peiker will act as a bridge for Globalstar to enter the European automotive market, facilitating the distribution and integration of satellite-based services [4] Technological Expertise - Peiker's Polestar telematics system, based on mobile phone technology and GPS, enables modern emergency call services and vehicle tracking during emergencies [2] - Globalstar's SPOT satellite messengers have facilitated 10,000 rescues globally, showcasing its expertise in satellite-powered IoT solutions for remote connectivity [3] Market Strategy and Growth - The partnership targets European automotive manufacturers and consumers, aiming to integrate satellite-based communication into connected vehicles [5] - Globalstar plans to expand its terrestrial wireless (XCOM RAN + Band n53) and mobile satellite services to capture opportunities in consumer and commercial IoT segments [7] - The company expects revenues to exceed $495 million with adjusted EBITDA margins surpassing 54%, driven by strategic investments in terrestrial networks and spectrum expansion [8] Financial Performance and Guidance - Globalstar reaffirmed its full-year revenue guidance of $245-250 million for 2024, with an adjusted EBITDA margin of 54% [7] - For 2025, revenues are projected to be between $260-285 million, with an adjusted EBITDA margin of approximately 50% [7] Stock Performance and Industry Comparison - Globalstar's stock price has surged 55.9% in the past six months, outperforming the industry's growth of 26.9% [9] - The company currently holds a Zacks Rank 3 (Hold) [9] Broader Technology Sector Highlights - InterDigital, Inc (IDCC) and Ubiquiti Inc (UI) hold a Zacks Rank 1 (Strong Buy), while Qualcomm Incorporated (QCOM) carries a Zacks Rank 2 (Buy) [10] - IDCC focuses on advanced mobile technologies with a long-term growth expectation of 17.44% [11] - Ubiquiti's global network management and flexible business model contributed to a 20.9% earnings surprise in the last quarter [12] - Qualcomm is leveraging 5G traction and a diversified revenue stream to transition into a connected processor company for the intelligent edge [13]

Globalstar, Inc. (GSAT) recently held its Investor Day 2024 event, where it emphasized the company’s prospects by leveraging its core assets, expanding its technological capabilities and issuing robust financial targets. GSAT boasts its global presence across various categories, from government and wholesale consumer partnerships to retail consumers to IoT, XCOM RAN and Band n53.Following the event's major financial updates and announcements, GSAT’s shares went up 3.7% and closed at $1.95 on Dec. 20, 2024.G ...

Globalstar, Inc. (GSAT) has partnered with Hawk Networks to streamline access to its Band 53 spectrum, transforming how operators build and expand their networks. The deal offers a more efficient, flexible approach to spectrum access, enabling faster and cost-effective network expansion.Globalstar’s partnership with Hawk Networks introduces an innovative approach by bundling licensed spectrum with essential infrastructure, eliminating delays and complexities associated with traditional procurement. Operator ...

Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...

Globalstar NYSEAMERICAN: GSAT is a stock that had fallen by the wayside for many investors throughout 2024, until recently. Shares were down 45% through the end of October. However, in just two trading days afterward, they rose 53%. This was due to the communications company’s expanded deal with tech giant Apple NASDAQ: AAPL, which has put Globalstar back on the radar of many investors. Now, shares sit just under flat on the year, providing a total return of -5%. Globalstar TodayGSATGlobalstar$1.98 +0.13 ( ...

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Globalstar, Inc. (NYSE:GSAT) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Paul Jacobs - CEO Rebecca Clary - VP and CFO Conference Call Participants Walter Piecyk - LightShed Partners Simon Flannery - Morgan Stanley Logan Lillehaug - Craig-Hallum Griffin Boss - B. Riley Securities Operator Good day and thank you for standing by. Welcome to the Globalstar Third Quarter 2024 Earnings Conference Call. [Operator Instructions] I would now like to hand the conference over to yo ...